02 February 2009
I am paying office rent Rs.21000/- per month from october 2008 but I have not deducted TDS from rent. Now I have applied for TAN and will deduct tds from rent from January 2009 I want to know do I have to pay TDS from october.Plz help
03 February 2009
you have to pay tds from oct2008. alongwith interest 1% p.m. and it is also noticed that tds for the month of oct, nov , dec will be deposited into separate challan. and remaining with separate challan.
08 February 2009
Sarfaraz As ur rent excees rs.120000/- u r liable to pay tax
deduct TDS @ 15.45% (if Individual) for oct Rs.3245 add Interest for 149 days upto 7/3/9 Rs.135 Nov Rs. 3245 add interest for 103 days Rs.103 Dec' interest for 66 days Rs. 70 This is for 3rd qtr. & submit ur return immediately the due date is Jan 15, 09 next due date is Apr' 15
For Qtr 4 - Jan TDS 3245 + 37 assume that the due date for rent is end of the month. Feb rent due date is mar 7 and mar rent due date is March 31. thx Pls download the TDS chart on my share file for further details
CAclubindia
